A _____ is a business relationship established by two or more companies to cooperate out of mutual need and to share risk in achieving a common objective without forming a separate legal entity.

A court of appellate jurisdiction has the power to convene a jury

Indicate whether the statement is true or false

A volatility swap is

A. An instrument that swaps the change in the value of a market variable for a fixed amount B. A swap involving an asset whose volatility is greater than a certain level C. An exchange of the implied volatility of an option at a future time for a fixed volatility D. An exchange of the realized volatility of an asset for a fixed volatility